If you spoke with market analysts and investment advisors on the eve of President Donald Trump’s second inauguration, you would have been hard-pressed to find anyone who was bearish on financials.
Most experts agreed that banks, insurance providers, mortgage lenders, and other financial institutions in that sector would enjoy tailwinds during Trump’s second term. Wall Street saw the president as an ally on lower rates and looser regulations that, together, would create a fertile environment for firms operating in the financial services space.
